Article 2RNBK Finally, the ‘scaremongers’ of Brexit are being proved right | Nesrine Malik

Finally, the ‘scaremongers’ of Brexit are being proved right | Nesrine Malik

by
Nesrine Malik
from on (#2RNBK)
It's taken a year, but as Britain's economy slumps and inflation bites, the warnings about the costs of our vote to leave the EU are coming true

This week Britain slumped to the bottom of the GDP growth rate league table of advanced economies. Along with Italy, Britain is officially the worst performer among the G7 so far this year, held back by high inflation that is putting consumers under pressure. The cause of that high inflation is primarily the knock-on effect of the weaker pound, which dropped by 20% immediately after the Brexit referendum result last year.

Related: UK comes bottom of G7 growth league as Canada takes lead

The economy question seems to have dropped out of the debate because it has been so debased by Brexit evangelists

Related: Living standards in UK fall for the first time since 2014

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